CanWest Launches International Distribution Company, London Office of New Division to be Headed by Greg Phillips.TORONTO--(BUSINESS WIRE)--March 23, 1999--CanWest Global(TSE See Tokyo Stock Exchange. TSE 1. See Tokyo Stock Exchange (TSE). 2. See Toronto Stock Exchange (TSE). :CGS CGS centimeter-gram-second system. CGS or cgs abbr. centimeter-gram-second system. CGS, c.g.s. .A.) (TSE:CGS.S.) (NYSE NYSE See: New York Stock Exchange :CWG CWG Conversations with God CWG Core Working Group CWG Certification Working Group (WiMAX Forum) CWG Collaboration Working Group CWG Commercial Working Group (TAT-14) ) CanWest Entertainment, one of Canada's leading production and distribution companies announced today the formation of CanWest Entertainment International and the appointment of Greg Phillips as President. CanWest Entertainment International is the distribution arm of CanWest Entertainment, a wholly-owned subsidiary of CanWest Global Communications CanWest Global Communications Corp. TSX: CGS TSX: CGS.A NYSE: CWG is one of Canada's largest international media companies. The company's head office is situated in Winnipeg, Manitoba, at the tallest building (CanWest Global Place) in the city and it is on the Corp. It will be headquartered in London and distribute programs worldwide. Mr. Phillips comes to CanWest with more than 25 years experience as a sales executive with a number of major international media companies including CBS (Cell Broadcast Service) See cell broadcast. , MTM MTM Medication Therapy Management MTM Minutes to Midnight (Linkin Park album) MTM Mary Tyler Moore (actress) MTM Made to Measure MTM Motoren-Technik-Mayer MTM Methods Time Measurement , and Southern Star. "Greg Phillips is the right person at the right time to help secure the long-term growth of this company in the United Kingdom and around the world," said CanWest Entertainment CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Jay Firestone. "We have a great deal of confidence in his abilities to ensure our products reach the widest possible audience." "Greg will join us on April 6th," added Firestone. "He will immediately raise the profile of CanWest in the United Kingdom and on the international programming scene. We will now be able to give Canadian producers an additional choice for the distribution of their creative works worldwide." "This is the next step in building CanWest Entertainment into an integrated, production and distribution operation," said Leonard Asper Leonard Asper (born May 31, 1964, in Winnipeg, Manitoba), is a Canadian businessperson and lawyer. He is a graduate of Brandeis University and the University of Toronto Law School. Leonard Asper is the son of the late Izzy Asper, founder of CanWest Global. , Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of CanWest Global Communications Corp. "Since the acquisition of Fireworks fireworks: see pyrotechnics. fireworks Explosives or combustibles used for display. Of ancient Chinese origin, fireworks evidently developed out of military rockets and explosive missiles and accompanied the spread of military explosives westward to in May 1998, we have invested in owning greater rights in the programming and this development will allow us to capitalize on Cap´i`tal`ize on` v. t. 1. To turn (an opportunity) to one's advantage; to take advantage of (a situation); to profit from; as, to capitalize on an opponent's mistakes s>. these assets." Asper added that a strong program distribution arm is an integral part of CanWest's strategy of putting more financing and support behind Canadian production. "The stronger we are at exporting Canadian talent, the more successful we can be at ensuring a supply of quality Canadian programs." Upon the announcement, Mr. Phillips said, "I was particularly impressed by the programming plans and philosophy in which the needs of the audience around the world are the pre-eminent consideration and by the substantial commitment to the enterprise by CanWest, for whose operations, successes and executives around the world, I have the greatest respect. I'm thrilled at having the opportunity to build a great international program distribution company for this growing international media company." CanWest Entertainment International will begin with a powerful and growing library of productions which include a full slate of new productions. Among the exciting new programs and series:
- 22 one-hour episodes of Relic Hunter starring Tia Carrere, a
Canada/France co-production with Gaumont Television which
has been pre-sold to more than 85 percent of the US market,
to CityTV in Canada, M6 in France and ProSieben in Germany.
- 26 half-hour episodes of the family drama Stray Dog, the
coming of age story of a girl in the Rocky Mountain
foothills who befriends a runaway search and rescue dog.
Stray Dog has been pre-sold to Nickelodeon in the US, and
YTV in Canada.
- A second full season of Real Kids, Real Adventures for
Discovery USA and the Global Television Network in Canada.
The Company also has a number of movies in development,
including:
- A two hour Christmas Movie of the Week for CBS called Twas
the Night starring Roma Downey from Touched by an Angel.
- Four installments of the popular Robocop series of movies
- A Canada / Germany Movie of the Week entitled Poison, about
a bad seed daughter reunited with her ex-con mother in
partnership with Davis/Panzer.
In addition, CanWest is currently negotiating to acquire foreign distribution rights to two new series and is actively pursuing relationships which can help feed its distribution strategy. CanWest Global Communications Corp. (NYSE: CWG and TSE: CGS.S and CGS.A) is an international media company. In Canada, CanWest owns and operates the Global Television Network and Global Prime Cable Network as well as Fireworks Entertainment Inc., a production and distribution company. Internationally, CanWest owns and operates New Zealand's TV3 and TV4 Television Networks and the More FM Radio Network. The Company also has significant investments in Australia's TEN Television Network, the Republic of Ireland's new TV3 Television Network, and Northern Ireland's Ulster Television. |
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